Republican governor candidate Dillard tax forms show $350,000 in income

Sen. Kirk Dillard announces run for governor

Nancy Stone, Chicago Tribune

Standing in the home he lived in from 1955 until 1959, State Sen. Kirk Dillard, with his wife Stephanie, right, announces his run for the Republican nomination for governor. With them is current homeowner Panna Patel, left.

Standing in the home he lived in from 1955 until 1959, State Sen. Kirk Dillard, with his wife Stephanie, right, announces his run for the Republican nomination for governor. With them is current homeowner Panna Patel, left. (Nancy Stone, Chicago Tribune)

Republican governor candidate Kirk Dillard of Hinsdale paid more than $76,000 in federal and state income taxes last year, according to documents his campaign provided.

The state senator released the cover pages from his federal and state income tax forms on a pre-holiday Friday afternoon, normally the time politicians try to bury any potentially controversial news. And like Republican governor rivals Bruce Rauner of Winnetka and state Sen. Bill Brady of Bloomington, Dillard did not release any accompanying tax schedules providing further details about his income.

That didn’t stop Dillard from touting his efforts at transparency. “I believe it is important for candidates to be transparent with voters, including how they earn their income,” Dillard said in a statement.

Unlike Rauner and Brady, however, Dillard’s announcement did not contain the tax forms of his running mate. A Dillard aide said the tax documents of lieutenant governor hopeful Jil Tracy, a state representative from Quincy, would be released separately.

According to the tax documents, Dillard, who filed a joint return with his wife Stephanie, reported an adjusted gross income of $259,907 for 2012. That was based off a legislative salary of $62,179 and $291,339 from his role as a partner in the law firm Locke Lord LLP. He also listed $52 in lottery winnings last year.

Dillard reported a federal tax bill of $64,392 and $12,255 to the state.

In a statement, Dillard took a shot at Brady, to whom he lost the 2010 GOP nomination by 193 votes. “We don't want any surprises, like the last time when the Republican nominee later revealed he paid no income tax,” Dillard said.

During the 2010 campaign for governor, Brady disclosed that he paid no taxes on his income in 2008 because of losses posted by his family's real estate businesses. Last week, Brady released his 2012 tax returns, showing he paid more than $37,000 in state and federal income tax on $200,529 in income that year.

Rauner previously released three years of tax information, including one showing he made $53 million last year. The returns showed he and his wife, Diana, paid $10.1 million in federal income taxes in 2012.

The fourth candidate in the GOP race, state Treasurer Dan Rutherford of Chenoa, said that he will be releasing his tax returns in the “coming days.” He said releasing the documents was a matter of finding the time to retrieve them.

Republican governor candidate Kirk Dillard of Hinsdale paid more than $76,000 in federal and state income taxes last year, according to documents his campaign provided.

The state senator released the cover pages from his federal and state income tax forms on a pre-holiday Friday afternoon, normally the time politicians try to bury any potentially controversial news. And like Republican governor rivals Bruce Rauner of Winnetka and state Sen. Bill Brady of Bloomington, Dillard did not release any accompanying tax schedules providing further details about his income.

That didn’t stop Dillard from touting his efforts at transparency. “I believe it is important for candidates to be transparent with voters, including how they earn their income,” Dillard said in a statement.

Unlike Rauner and Brady, however, Dillard’s announcement did not contain the tax forms of his running mate. A Dillard aide said the tax documents of lieutenant governor hopeful Jil Tracy, a state representative from Quincy, would be released separately.

According to the tax documents, Dillard, who filed a joint return with his wife Stephanie, reported an adjusted gross income of $259,907 for 2012. That was based off a legislative salary of $62,179 and $291,339 from his role as a partner in the law firm Locke Lord LLP. He also listed $52 in lottery winnings last year.

Dillard reported a federal tax bill of $64,392 and $12,255 to the state.

In a statement, Dillard took a shot at Brady, to whom he lost the 2010 GOP nomination by 193 votes. “We don't want any surprises, like the last time when the Republican nominee later revealed he paid no income tax,” Dillard said.

During the 2010 campaign for governor, Brady disclosed that he paid no taxes on his income in 2008 because of losses posted by his family's real estate businesses. Last week, Brady released his 2012 tax returns, showing he paid more than $37,000 in state and federal income tax on $200,529 in income that year.

Rauner previously released three years of tax information, including one showing he made $53 million last year. The returns showed he and his wife, Diana, paid $10.1 million in federal income taxes in 2012.

The fourth candidate in the GOP race, state Treasurer Dan Rutherford of Chenoa, said that he will be releasing his tax returns in the “coming days.” He said releasing the documents was a matter of finding the time to retrieve them.